Annual Report 2008-09
Kurt Watson and Dale Seuferling
Dear friends,
In choosing the theme for our 2009 annual report, we were inspired by the
stunning horizons that are typical of a Kansas skyline.
We also imagined the new horizons made possible by private giving to the
University of Kansas: opportunities for students, inspiration for faculty,
hope for life-saving research.
In its 118-year history, KU Endowment has seen its share of challenging and
rewarding years. The 2009 fiscal year will rate among the most difficult ever
from an economic perspective, marking the worst economic downturn since
the Great Depression.
Yet, donors to KU Endowment set a new record in contributions — $106.4 million
in outright gifts and pledges. They committed an additional $9.6 million in
deferred gifts, which will benefit the university in the future. This remarkable
level of generosity shows the confidence our donors have in KU.
We are convinced that KU will play a major role in the economic recovery of our
state, and no form of investment is more important to the university’s long-term
success than its endowment. It is a legacy for current and future generations.
KU Endowment provided $105.4 million in support to KU during the fiscal year
that ended June 30, 2009. In light of the state’s difficult financial outlook,
private philanthropy is playing an increasingly critical role in ensuring KU’s
position as a pre-eminent institution.
Bound together by a common vision and a renewed hope, we will continue
working with our alumni, parents, faculty and friends to build a greater university.
Best regards,
KURT WATSON
Chairman of the Board
DALE SEUFERLING
President